Griffin Air Transport Service, Incorporated, providing air delivery service for businesses, has been in operation for three years. The following transactions occurred in February:

February 1 Paid $235 for rent of hangar space in February.

February 2 Purchased fuel costing $410 on account for the next flight to Dallas.

February 4 Received customer payment of $830 to ship several items to Philadelphia next month.

February 7 Flew cargo from Denver to Dallas; the customer paid $1,000 for the air transport.

February 10 Paid $200 for an advertisement in the local paper to run on February 19.

February 14 Paid pilot $2,500 in wages for flying in January (recorded as expense in January).

February 18 Flew cargo for two customers from Dallas to Albuquerque for $4,200; one customer paid $1,800 cash and the other asked to be billed.

February 25 Purchased on account $2,480 for a supply of spare parts for the planes.

February 27 Declared a $270 cash dividend to be paid in March.

Required:

Prepare journal entries for each transaction.